PTC has acquired long-term partner NetIDEAS, a software hosting firm specialising in product development and product lifecycle management (PLM).

NetIDEAS has worked with PTC over the last ten years to provide secure, reliable hosting environments for companies seeking turn-key PLM applications to support their operations.

Its portfolio of PTC hosted solutions include PTC Windchill solutions and PTC Windchill Quality SolutionsTM.

NetIDEAS president and chief technology officer Tom Rassmann said: "Our companies share great operational synergies as a result of our mutual history, and we look forward to continuing to help customers leverage the speed and efficiency of hosted application deployments."